Lenn Harley always warns us when we are about to be challenged by HARD CORE REAL ESTATE TALK. I've never been sure if this is Lenn's way of re-directing lazy commentators or a smart way to attract intelligent conversation. Anyway, taking the cue from the reigning queen of the Active Rain Blogosphere, I warn you that the video embedded below is HARD CORE FINANCIAL TALK.
I had taped the show on Charlie Rose earlier about the CEO of JP Morgan Chase, Jamie Dimon. It's one of the most fascinating interviews I've ever watched; revealing and remarkable insights by one of the most formidable thought leaders on Wall Street today.
If real estate brokers and agents have learned anything from the current market crisis, it should be that we need to understand and be aware of financial markets. Our business is inextricably intertwined at every level.
There are many nuggets of wisdom in this interview. Dimon is known for being 'quotable.' But, it's a little piece of paper which he carries around which struck me as curiously intriguing. It his 'You Owe Me List.' Apparently, on a regular basis, Dimon writes down what HE OWES other people... i.e. things he has said he would do and follow-through on AND what others OWE him.
He regularly checks this list to make sure that people keep their word and that he keeps his. Integrity and Truth are high priorities for Dimon according to this indepth conversation with Charlie Rose. Let's pray that these principles continue to guide the helm of an outfit which has just undertaken one of the riskiest financial buyouts in financial history with the purchase of Bear Stearns.
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